Apple Store Employees to Get $4 Per Hour Raise
Apple's retail stores are giving employees raises today, according to a source -- at least $4 per hour for every employee.
Apple's retail stores are giving employees raises today, according to a source -- at least $4 per hour for every employee.
J.C. Penney's new CEO plans to remake the tired old department store chain a la the Apple Store and Target, and his fresh ideas are earning him applause. But as investors and industry watchers cheer Ron Johnson's turnaround concepts, they're ignoring some big potholes on the road ahead.
New CEO Ron Johnson's plan to revamp J.C. Penney is seriously ambitious. No more coupons, almost no more sales, and a complete rethink of the department store model. So why does he think he can pull it off -- and with a chain that has lagged its rivals? Because maybe he can. Here's why:
Apple is holding a private memorial service for employees to celebrate the life of Steve Jobs. The service is scheduled for 10 a.m. Wednesday at company headquarters in Cupertino; it will also be webcast to employees worldwide. Apple plans to close its retail stores for several hours so employees can watch the service online.
It's a sign of just how far and wide demand for Apple products has grown: the consumer-electronics store is about to open a store in Anchorage, Alaska. The new retail outlet, along with another one in Murray, Utah, brings the total number of U.S. Apple stores to 240.
Ron Johnson, the man credited with the success of the Apple Store, is about to move downmarket to take over as CEO of J.C. Penney. The buzz from Wall Street has been nothing but positive, but can the executive live up to the hype and reinvent the retailer's dated brand?
Since hitting an all-time high several weeks ago, Apple's stock has gone through a turbulent patch. Investors meanwhile, are considering several issues that could dramatically impact the tech giant's future direction.
Google is considering a plan to expand its Android newsstand -- and heat rivalry with Apple's iTunes -- by charging publishers a lower price to sell news to Android users than the 30% fee that Apple typically charges to sell apps on iTunes. Will that be enough to attract more news?
The same system Apple Store employees use to run credit card transactions on iPhones or iPod Touches is about to spread. Apple is offering it to other retailers, a move that could create a multifaceted win for Apple's enterprise business.
The consumer technology giant brags that its iTunes announcement later today will be unforgettable. But the news likely won't be too memorable for investors, even if it turns out to be a Beatles deal, predicts one analyst.
Hasbro plans to unveil a new device Tuesday that will make Apple iPods and iPhones 3-D capable. The device, called My3D, looks like a pair of binoculars and enables users to view movies and games in 3-D. Apple plans to sell My3D content at its online apps store.
The "Apple Store" iPhone app Tuesday offered buyers the chance to reserve a white iPhone 4 on Tuesday, but the excitement was short-lived: the option disappeared the same day. Apple says the elusive white iPhone 4 will remain out of reach until spring.











